Mutual of America Capital Management LLC Sells 2,565 Shares of International Business Machines Co. (NYSE:IBM)

Mutual of America Capital Management LLC lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,278 shares of the technology company's stock after selling 2,565 shares during the quarter. Mutual of America Capital Management LLC's holdings in International Business Machines were worth $25,044,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines during the second quarter valued at approximately $7,160,000. Philip James Wealth Mangement LLC purchased a new position in International Business Machines during the 3rd quarter worth $5,117,000. Focused Wealth Management Inc grew its stake in shares of International Business Machines by 52.2% in the 3rd quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company's stock worth $2,504,000 after acquiring an additional 3,887 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of International Business Machines by 4.5% during the third quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company's stock valued at $30,992,000 after purchasing an additional 6,004 shares in the last quarter. Finally, F M Investments LLC boosted its holdings in International Business Machines by 39.6% during the third quarter. F M Investments LLC now owns 61,938 shares of the technology company's stock worth $13,696,000 after purchasing an additional 17,554 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock traded down $4.00 during midday trading on Friday, reaching $204.99. 3,986,460 shares of the stock were exchanged, compared to its average volume of 4,693,159. International Business Machines Co. has a 52 week low of $152.13 and a 52 week high of $237.37. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $189.54 billion, a PE ratio of 29.84, a PEG ratio of 4.60 and a beta of 0.71. The company's fifty day moving average is $218.79 and its 200-day moving average is $193.67.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 earnings per share. On average, sell-side analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Hsbc Global Res raised shares of International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. Bernstein Bank raised their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, October 3rd. Morgan Stanley reduced their target price on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Finally, DZ Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $208.12.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.